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Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations

Adrian Adermon, Mikael Lindahl () and Daniel Waldenström

Economic Journal, 2018, vol. 128, issue 612, F482-F513

Abstract: This study estimates intergenerational wealth correlations across up to four generations and examines the degree to which the wealth association between parents and children can be explained by inheritances. Using a Swedish data set with newly hand‐collected data on wealth and bequests, we find parent‐child rank correlations of 0.3–0.4 and grandparent–grandchild rank correlations of 0.1–0.2. Bequests and gifts appear to be central in this process, accounting for at least half of the parent–child wealth correlation while earnings and education can account for only a quarter.

Date: 2018
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https://doi.org/10.1111/ecoj.12535

Related works:
Working Paper: Intergenerational wealth mobility and the role of inheritance: Evidence from multiple generations (2018) Downloads
Working Paper: Intergenerational wealth mobility and the role of inheritance: Evidence from multiple generations (2016) Downloads
Working Paper: Intergenerational wealth mobility and the role of inheritance: Evidence from multiple generations (2016) Downloads
Working Paper: Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations (2016) Downloads
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Economic Journal is currently edited by Estelle Cantillon, Martin Cripps, Andrea Galeotti, Morten Ravn, Kjell G. Salvanes, Frederic Vermeulen, Hans-Joachim Voth and Rachel Kranton

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